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In 01 Mar 12 someone share a article about the global hospitality accounting system. That article talks about how the Hospitality Financial and Technology Professionals (HFTP) are in the process of making a user guide for the global hospitality accounting system. This article is an update that publish recently. It shows where does the project stand right now and what is next for the project. However, the first part of phase one- covering the UK and continental Europe- is now well in progress.

HFTP's Global Hospitality Accounting System Users Guide will set a global method for hospitality industry.   Recently, research is being conducted into current practices. This research will identify who is doing what in different parts of the world, with a view to establishing best practice and providing practical guidance for students, practitioners and professionals involved in the industry.

Hospitality Financial and technology professionals was developing a global hospitality accounting system in the past year. Their fist step is to cover the UK and continental Europe. The second step is to do search about South and central America and cover them. The third step will begin for China and India, and the last two segments will be Russia and North America. This is quite a large program. If the program was completed, a globally accepted method that financial professional, ownership structure, investors and benchmarking information services can use to support  efficient operations will be formed, and a globally accepted method to monitor investment performance from region to region will also be formed.

To create a global resource for the hospitality finance industry, Hospitality Financial and Technology Professionals has begun development on a global hospitality accounting system users guide. HFTP is the only global association dedicated to hospitality finance and technology and our Global Board is investing heavily to create a benchmark that stakeholders can use to compile accounts, compare regional differences and define the value of a hospitality operation.

This article was pretty brief, but it stated that Hospitality Financial and Technology Professionals has begun development on a global hospitality accounting system users guide. This would create a global resource for the finance industry. Frank Wolfe, HFTP's CEO, says that the company is the only global association dedicated to hospitality finance and technology. They are hoping to create a benchmark that stakeholders can use to compile accounts, compare regional differences and define the value of a hospitality operation. What I found interesting about this article was that it greatly involved final year bachelor students at Ecole Hôtelière De Lausanne in Switzerland performing research for this project. I also think that a global hospitality accounting system users guide would be beneficial, especially since many managers/employees do not have the strongest training or skills in a financial or technical area.

HFTP (Hospitality financial & technology professionals) begins developing a global hospitality accounting system users guide. This kind of users guide is totally new to the hospitality industry and currently there is no global resource like this. The global guide will provide the hospitality industry with a glossary of inventory terminology, accounting charts and other accounting-related information. This project is developed using technology that can provide users with a benchmark that stakeholders can use to compare regional differences and define the value of hospitality operation. This project is a three-step process. First, bachelor degree students from all over the world who are interested in this project will work as data collector. Second, the assembled and analyzed data will be processed into professionals in different regions all over the world to create new sample charts. Finally, the initial guide will be published in multiple languages and distributed globally. This new accounting system technology is predicted to help the hospitality industry increase the ability in financial management, accounting, cost control and the sharing of global accounting data sources.

Cvent and Destination Marketing Association have joined as alliance partners. This was announced in January 2013. According to DMAI, Cvent will provide meeting professionals with more educational opportunities and promote the use of destination marketing organizations. The purpose of promoting DMOs is to show they can be the a point of contact. DMAI supports this because they are looking to support the meeting community and advocate why DMOs are a valuable source for meeting professionals to go to directly. With this alliance, CVENT has integrated information from the empowerMINT website by DMI into its own Destination Guide. DMAI foresees this will help meeting professionals quicken searches during the RFP process. Added to the Cvent website is a new feature to the RFP process which allows planners to add DMOs and CVBs on every RFP they send. After reading the article I found this to be an interesting alliance because I think both organizations will be able to help each other make meeting professional's lives easier. Cvent is a popular program in the events industry since it allows you to fill out one RFP and send it to multiple companies over the internet. DMOs are important part of the industry, which can help a planner plan an event in an unknown destination or provide contact information for additional venues or products. Integrating information will allow meeting professionals to save time but still be able to focus on the event. An important area I believe it promotes is the use of DMOs, which makes it more convenient for people to find DMOs in specific regions. DMOs have a great impact on the event because they know the region, especially if a meeting planner is not from the area. Ultimately this alliance will help further the important value DMOs bring to the meeting community.

HFTP is short for Hospitality Financial and Technology Professionals. It is working with members of several organizations, including EHL, HFTP's Research institute at the University of Houston, Hong Kong Polytechnic University and Hospitality Professionals Association. From the article, HFTP has start developing a global hospitality accounting system users guide. The global guide will provide the industry with a comprehensive glossary of inventory terminology, charts of accounts and will benchmark common allocation for specific regions of the world. The project is planned as a three-step process. 1. Final year bachelor students at Ecole Hoteliere De Lausanne (EHL) in Switzerland working on their Student Business Project are gathering data, surveying hotel operations and assembling terms of reference. 2. Once the data is assembled, it will be distributed to regional teams of industry professionals that are chaired by industry consultants. These teams will develop sample charts of accounts and common allocations for their specific areas. 3. The team chairs will finalize the project by authoring a discussion on similarities or differences of allocations. The initial guide will be published in English, with plans to distribute globally in multiple languages.

It appears that American Airline is about to remove itself from the tradition global distribution system and introduce its own distribution system. American Airlines is advocating for distribution companies to utilize AA direct connect which is a direct link into AA's host reservations system. Currently American Airlines fares are no longer available on Expedia or Orbitz sites. This is because no contractual agreement was reached for the distribution of AA products. Travel professionals are waiting to see the result of this bold move by American as this has great implication for the future of airline distribution systems. If American Airlines pulls away from the mainstream GDS, consumers and travel specialist alike will be faced with the inconvenience of going to a separate reservations system to compare fares. Although travel professionals are now urged to use direct connect on a trial basis, the general feeling is that eventually they will be charged to sell American Airline flights. To defend this move American Airline is only saying that direct connect will make it easier for them to tract ancillary fees like priority seating. It was noted in the article that Southwest Airline for the most part is a stand alone reservations system but they do not negotiate with the GDS companies to sell their flights. It is therefore quite evident that this move by American is really to reduce expenditure by eliminating the middle GDS companies while increasing revenue by charging travel partners for utilizing direct connect. American Airlines clearly wants to globally control their distribution system and maximize revenues. Contract renewal for both world span and sabre are due and the experts are waiting to see if American will renew with them. Sabre is owned by American Airlines so its a wait and see game to see how all this will be panned out. The real problem for the consumers and travel specialists are that if other airlines are to follow this move by American the tra

This article explains the distribution route American Airlines is taking to sell their flights. Due to not seeing eye to eye with the two most probably used websites for travel, Expedia and Orbitz, American has now taken their products away from both airline distribution sites. American suggest that all travel agencies and distribution companies begin using Direct Connect, which is a system for only American Airlines flights. If this would happen, travel agencies and companies will then begin having to pay for the system in order to sell Americans flights. At the moment you can still book flights through other distribution sites, but until when will that be? They already stopped Orbitz and Expedia, what's not to stop the others. The future of global distribution systems will be up in the air if all airlines choose to sell their own systems to be able to sell reservations. The only positive that was pointed out in this article was that if this system takes over, then more consumers will have to go back to using travel agents to secure the best reservations for flights and such.

With the contracts for major global systems, Worldspan and Sabre, being up for renewal in the near future, this article analyses the possible outcomes for airlines, and alternatives should they choose not to forgo continuing use of GDS

The Passkey's GroupMAX ME is a big progress during the housing management service area. It major effect is promoting the efficiency of management in meeting, convention or event. It makes the meeting management become more professional. LA Tourism managers can organize the conventions and meetings that were more safe, consistent and portable by using GroupMAX ME on their hand. The technology could make participants easily and efficiently find hotel reservations in office. And meeting professionals could be easy to track inventory online. GroupMAX ME could help meeting professionals to avoid an excess of reservation fee because it could directly connect hotel property management system or central reservation system.

The Passkey's GroupMAX ME is a big progress during the housing management service area. It major effect is promoting the efficiency of management in meeting, convention or event. It makes the meeting management become more professional. LA Tourism managers can organize the conventions and meetings that were more safe, consistent and portable by using GroupMAX ME on their hand. The technology could make participants easily and efficiently find hotel reservations in office. And meeting professionals could be easy to track inventory online. GroupMAX ME could help meeting professionals to avoid an excess of reservation fee because it could directly connect hotel property management system or central reservation system.

companies and people are wanting more evolved events design and decor and technology being apart of it. A dimly lit ballroom just isnt cutting it anymore. Event Managers are in high demand to work with hotels to create a space that can host all kinds of events in one venue.

As the need for event planning rising more and more over the years Hotel developers are assuring the need to hire event planners to help boost their sales and awareness for their property by redesigning and maintain their current areas. This allows many hotel owners to help create memories while leaving a great taste on the guest who requested the venue. he job of event planners are very critical because they go through every detail and trends to gather ideas for the clients. They have to keep in contact with property for any changes or layout to ensure it meets to clients needs.

This article gives some ideas on how to successfully host an event. Events are important and valuable to the hospitality industry. An excellent event includes making registration easy, managing the event properly, and creating a unique experience. Events can be divided into "Simple" Events, Midsize Events, Small Events and Complex Events. The size of the event will affect the planning of the event. The main points and purpose of the event are also factors to consider when planning the event. Time should have a clear theme, while considering the company's profits. Finally, applying the current technology to the event to create an unforgettable experience for customers is also essential for a successful event.

This article talks about the detail about a professional way to make a good event. It lists seven necessary points. Also, showing the point of view and example to make the reader easy to understand.

This article talks about a successful online training program belongs to STARWOOD HOTELS&RESORTS which is called ProLearing module. This specific online training program is quite beneficial to travel professionals to have a full version of starwood's brands and get familiar with the room rates for agents. Online training systems are commonly used by most internal employees but fewer for externals in hospitality industry. Most of the hotels have their own online training systems for employees to familiar with company concepts, hotel operations, service manuals and even a sales system like StarHot. As a part of training program for externals, ProLearing module does a good job for its company band expansion for agents and finds new market segments which is not just includes regular guests and potential employees. I believe that more and more travel professionals will join this program and make it to succeed.

In this article talk about hospitality industry has to upgrade to make more benefit for making more profit than now. There is more telecommunication technical solution that is able to hospitality telecommunication problem entities. Notrhwind, the inventor of the PMS software system in hospitality industry since 1987. Northwind offers PMS (Property Management System) in hotel software. Maestro PMS is a storage and backup system based on the cloud computing system and replace from their old data to in hotel server. Tim Belcher assitant general manger of Legacy Hotel and Conferences, one of the telecommunication companies, said that the problem of the telecommunication system could replace duties of their IT staff since maintain and resolve problems with storage provider. Business that are looking to improve their own telecommunication system, the company should contact a professional technology consulting agency before set up the implementation planning process.

More and more companies in hospitality industry are focusing on telecommunication, for telecommunication system could help them better manage the company and enhance customer service. Before choosing the right system, companies have to consult a professional company and conduct lots of development and research work. Then they can find a right one for the company. A right telecommunication solution, like PMS in the article, could help reduce cost and time, as well as providing great customer service.

This article is indicating that hospitality industry can benefit from upgraded telecommunication technology and hospitality serviced need to have particularly efficient telecommunication process if they want achieve success among their competitors.  A new system is introduced in this article: Maestro PMS. It is a cloud-based hosted storage and backup system that business can integrate their old physical, in-house servers. And the system backups and upgrades in secure network operation hosting facility, which could let operators focus their attention on guest service and revenue generating activities. This article also suggest that if company looking to improve their own telecom systems, it is better to contact a professional technology consulting agency before beginning implementation planning process.

HFTP (Hospitality Financial And Technology Professionals) have started developing a global hospitality user's guide. This is a three step process: 1) Students at Ecole Hotelierre De Lausanne in Switzerland are gathering data and surveying hotels and putting together words of reference; 2) Distribute assembled data to regional teams of industry professionals and then they will create sample charts; 3) Finalization of the project by authoring a discussion on similarities and differences of allocations. Initially the guide will be published in English, with other languages being published later on.

How are the students at Ecole Hotelierre De Lausanne in Switzerland surveying hotels; i.e. what methods are they using? A great idea in an increasingly globalized world economy.

That's an excellent question! The article did not go into detail about how the students will survey the hotels, it just mentioned that they would collect data and survey hotels.

More than half of IT professionals believe that data consolidations and storing is very important for a business. Although almost all agree with it, the vast majority have no plans to consolidate at all. Meanwhile only "a quarter" have completed with consolidation projects. As we have stated previously in past class discussions, the cloud technology/computing/storing is a software that has revolutionized the technology industry. Cloud technology has allowed companies to access and store information, and even share it, in a much quicker and cost-efficient way. Seemingly, still many believe it may be too soon to trust 100% on cloud technology, since security is a big issue. Yes, they are monitored periodically; but hackers nowadays can accomplish a lot. Thus, resulting in a security challenge for many IT professionals. Among many other reasons, companies seem to lack the required staff to implement these methods. Although IT professionals believe in it, at this moment it is too hard to achieve.

It's interesting that they think that consolidation is important yet do little about it. Keeping data safe is critical. To get to my e-mail for work when not at the facility, it requires the 8-digit pin that's in my head, plus a 6-digit key from the secure ID that I carry. That 6-digit code changes every thirty seconds, and the device contains enough codes for five years. If someone is logging in to look at my mail, they can be reasonably confident that it's me, Staff is definitely critical, which explains why so many IT jobs are available these days. If you have all of the IT initials (MCSE,CompTIA, etc) after your name, it's a good time to be in the industry.

This article brings us the real version of how important to launch cyber security system, as there are actual cases in which hotel face loss because imperfect security net. Thus, the professor Mangal suggests that all hotel employees should keep an eye on the threats. At the same time when we protect our customer, we protect and branding our reputation as well. In the future, advanced technology such as biometric technology will be implemented to restrict access to data. Although hotels are unlikely to hire IT professionals directly, but they truly need cooperate with firms which specialized in cyber security, at the same time, help hotels strengthen the training of employees.

This article is a research paper did by Amir and Beer-Sheva. The purpose of this paper is to discuss the impact of technology on the human resources function in organizations, in general, and in hospitality firms, in particular. At the beginning, it introduced the role of human resources department in organizations for decades. And the trend or changes in contemporary human resources. Then it came out that we cannot skipped the effect of technology on the HR function, especially in tourism and hospitality industry. So, next it gave the definitions of HRIS by introducing technology. And list some advantages and challenges of using HRIS. In the end, it listed how technology put infusion across HR function, including recruitment, selection, training, performance evaluation and compensation, payroll, benefits and pension administration, labor relations and outplacement.

Securing Your Return on Investment, with the conference sessions focused on how tourism and meeting industry professionals can apply sound safety and security practices to protect, and even improve, their business ventures' bottom line in the current economic landscape.

Marketing and E-business for tourism industry A good marketing plan is important to the success of businesses. There are several guidelines and ways to use electronic medium to stay competitive. A business has to always take care of the existing customers and their needs without forgetting to attract new customers. Tourists are using internet to shop for new destinations so an online presence is very important for consumers so they will be able to find out information about the business. There are several guidelines to consider: * Promptness people expect to get a response within a reasonable time. * Quality means that your website should be able to compete with other websites on the internet and this means that it should have good quality photographs and professional tone to the websites. * Consistency means a good consumer service and a professional image. There are many ways to promote services online: email newsletters and promotion, building traffic by working with other websites, offer deals, get involved in discussion sites about the industry you are in. During an off season bookings, simplicity of booking should be a priority. Tourism operators should join travel and tourism "mall" to offer their products and host their site and use these low cost services. Companies can also promote their products online by offering auction style sales that helps consumers have some kind of control over the prices of the different services in tourism. One of the perks of online shopping for travel services is the price transparency and the fact that costumers have choices of different prices in front of them. Company should Increase a web marketing pull by offering different services and also advertising with other companies. Promote and minimize the costs of the services by adding "do-it-yourself" features. A list such as: A FAQ, maps of location of other area attractions and local guides for rental outlets. To improve the way you market your products and

I used Maestro in my first position in the hospitality industry as a front desk agent in a Boutique Hotel. We also used Micros for the POS system for the in-house restaurant but they were two separate entities at the time. I am happy to see the advancements that have been made to this now highly efficient system. After reading this article and doing some research on Maestro's website I feel Maestro outshines its competitors by providing excellent 'Diamond Plus' service to its clients. Compared to the Webrezpro system that I just analyzed for our Discussion assignment, Maestro provides several free tools and resources twenty-four hours a day, seven days a week. An impressively North American based Help Desk is available 24/7 to ensure smooth operations of the system and optimal staff training. In addition Maestro provides install, staff training, transition assistance, refresher training, online tutorials, webinars, productivity audits, upgrades, enhancements and much more. Maestro management strategies collaborates with Hotel Executives and staff to increase performance, deliver high quality guest services and increase profits. Their professional team also addresses issues such as under-utilization of the system and ways to get the most value for your investment. Since Maestro supports platform and database independence updates occur instantaneously. To help Hotels save time, increase efficiency and have higher levels of staff productivity Maestro is the chosen tool for the job. Maestro clearly puts their clients' needs first and is therefore trusted by several Hotels worldwide.

Maestro appears to be a good product based on the article. I would say though that both this and webrezpro do have some similarities of operating on cloud computing. The key is that depending on cost and application a company may choose what works best for them.

This article introduces a new system by Squirrel Professionals, which is basically a POS system that can be used and accessed through an I Pad or tablet. The system was released on February 27th and is available through various APP Stores. The company explains that the user interface is very user friendly and therefore no training is necessary for implementation. Squirrel has been a leader in POS systems and was one of the first companies to introduce multi-touch screen POS systems. The company hopes to have another big hit in their new tablet program.

This is a great app for restaurant as it should improve communication and speed. The only challenge is how quickly servers will manage this. This will be great with a workforce that is younger and is not shy with technology. One again apple is on the cutting edge with partnering with this app for mobile access.